Liechtenstein bank to pay $23.8M in NY tax case

Posted Jul 31, 2013 by Martin Armstrong

The USA is on a quest to attract any foreign banks that deal with Americans. A Liechtenstein bank will now pay $23.8 million to end a probe into what the USA claims is their undeclared accounts that helped hundreds of U.S. taxpayers dodge taxes in the United States over a 10-year period. They are making past acts criminal violating the ExPost Facto Clause by simply interpretation claiming it always was illegal.

Effectively, they have applied US law internationally abandoning borders in this relentless hunt for money to keep the debt funded and the bankers happy. There will be nothing left and Americans are being eradicated from international expansion.Nobody will deal with Americans outside the USA anymore.